Sumitomo Mitsui Asset Management Company LTD decreased its position in shares of Xcel Energy Inc. (NYSE:XEL) by 3.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,610 shares of the utilities provider’s stock after selling 1,479 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Xcel Energy were worth $1,827,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Parallel Advisors LLC boosted its holdings in shares of Xcel Energy by 1.6% during the second quarter. Parallel Advisors LLC now owns 2,227 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 36 shares during the period. Carroll Financial Associates Inc. boosted its holdings in shares of Xcel Energy by 14.5% during the second quarter. Carroll Financial Associates Inc. now owns 2,365 shares of the utilities provider’s stock valued at $108,000 after acquiring an additional 300 shares during the period. Sandy Spring Bank boosted its holdings in shares of Xcel Energy by 24.8% during the second quarter. Sandy Spring Bank now owns 2,401 shares of the utilities provider’s stock valued at $110,000 after acquiring an additional 477 shares during the period. Dupont Capital Management Corp acquired a new position in shares of Xcel Energy during the second quarter valued at $135,000. Finally, Sharkey Howes & Javer boosted its holdings in shares of Xcel Energy by 0.5% during the second quarter. Sharkey Howes & Javer now owns 3,010 shares of the utilities provider’s stock valued at $138,000 after acquiring an additional 16 shares during the period. 72.57% of the stock is owned by institutional investors.
Several equities analysts have recently issued reports on XEL shares. Mizuho reissued a “hold” rating and set a $46.00 price target on shares of Xcel Energy in a report on Friday, September 29th. Jefferies Group LLC reissued a “hold” rating and set a $50.00 price target on shares of Xcel Energy in a report on Thursday, August 31st. Bank of America Corporation started coverage on shares of Xcel Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $53.00 price target for the company. BidaskClub raised shares of Xcel Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research raised shares of Xcel Energy from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Nine research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Xcel Energy presently has a consensus rating of “Hold” and an average price target of $48.91.
In other Xcel Energy news, Director Daniel Yohannes purchased 1,000 shares of the business’s stock in a transaction on Tuesday, September 5th. The stock was bought at an average cost of $49.53 per share, with a total value of $49,530.00. Following the acquisition, the director now owns 1,000 shares of the company’s stock, valued at $49,530. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy V. Wolf sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $49.48, for a total transaction of $148,440.00. Following the completion of the sale, the director now directly owns 3,700 shares of the company’s stock, valued at $183,076. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by corporate insiders.
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Shares of Xcel Energy Inc. (NYSE:XEL) opened at $49.59 on Friday. The firm has a market capitalization of $25,012.40, a price-to-earnings ratio of 21.05, a PEG ratio of 3.90 and a beta of 0.21. The company has a current ratio of 0.87, a quick ratio of 0.60 and a debt-to-equity ratio of 1.27.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.05. Xcel Energy had a net margin of 10.40% and a return on equity of 10.63%. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. The company’s quarterly revenue was down .8% compared to the same quarter last year. research analysts predict that Xcel Energy Inc. will post 2.31 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, September 15th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date was Thursday, September 14th. Xcel Energy’s payout ratio is 61.54%.
Xcel Energy Company Profile
Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.
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